Hamilton Wealth LLC Lowers Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Hamilton Wealth LLC lessened its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 11.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,480 shares of the company’s stock after selling 184 shares during the quarter. Hamilton Wealth LLC’s holdings in MercadoLibre were worth $2,238,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MELI. O Dell Group LLC raised its holdings in shares of MercadoLibre by 2.1% during the 1st quarter. O Dell Group LLC now owns 294 shares of the company’s stock valued at $445,000 after buying an additional 6 shares during the period. Wealthspire Advisors LLC raised its stake in shares of MercadoLibre by 1.8% during the fourth quarter. Wealthspire Advisors LLC now owns 391 shares of the company’s stock valued at $614,000 after purchasing an additional 7 shares during the period. Independent Advisor Alliance lifted its position in shares of MercadoLibre by 1.2% during the fourth quarter. Independent Advisor Alliance now owns 586 shares of the company’s stock worth $921,000 after purchasing an additional 7 shares in the last quarter. Vestor Capital LLC lifted its holdings in MercadoLibre by 10.0% in the 4th quarter. Vestor Capital LLC now owns 88 shares of the company’s stock worth $138,000 after buying an additional 8 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in MercadoLibre by 56.3% in the fourth quarter. Blue Trust Inc. now owns 25 shares of the company’s stock valued at $39,000 after purchasing an additional 9 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MELI shares. UBS Group dropped their price objective on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. DZ Bank raised shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 price objective for the company in a report on Tuesday, April 23rd. Jefferies Financial Group raised shares of MercadoLibre from a “hold” rating to a “buy” rating and increased their price target for the stock from $1,400.00 to $2,100.00 in a research report on Monday, May 20th. StockNews.com raised MercadoLibre from a “hold” rating to a “buy” rating in a report on Friday. Finally, Dbs Bank raised MercadoLibre from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 11th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $1,944.17.

MercadoLibre Stock Performance

MELI stock traded up $170.08 during trading on Friday, hitting $1,776.14. 958,293 shares of the company’s stock traded hands, compared to its average volume of 299,322. The company has a quick ratio of 1.25, a current ratio of 1.27 and a debt-to-equity ratio of 0.66. MercadoLibre, Inc. has a 52 week low of $1,141.04 and a 52 week high of $1,825.00. The stock has a fifty day moving average price of $1,647.02 and a two-hundred day moving average price of $1,620.69. The stock has a market capitalization of $90.05 billion, a price-to-earnings ratio of 79.47, a price-to-earnings-growth ratio of 1.13 and a beta of 1.60.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, August 1st. The company reported $10.48 EPS for the quarter, topping the consensus estimate of $8.72 by $1.76. The business had revenue of $5.07 billion during the quarter, compared to analyst estimates of $4.64 billion. MercadoLibre had a net margin of 8.03% and a return on equity of 45.61%. The company’s quarterly revenue was up 41.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.16 earnings per share. As a group, equities analysts anticipate that MercadoLibre, Inc. will post 33.4 EPS for the current fiscal year.

About MercadoLibre

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.